By, Swathi R Krishnan

CORNERSTONE INDIA

Flow of the Presentation
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Introduction What is Best Practice Sources for Best Practice Model A 10 step approach Example Misconceptions about Best Practice Top Ten Best Practice Fundamentals CORNERSTONE INDIA

What is it and how do we implement it.

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What is “Best Practice”
What is “Best Practice” ?

“The Best Practice approach is simply the combination of activities that is most likely to cause you to achieve your objectives, in the current circumstances” circumstances
That’s It

Best practice approach says that if we do certain activities in a certain way, you have a better CORNERSTONE INDIA chance of achieving your objective than any other

Sources for Best Practice Model
There are three sources to develop the model
I. Within the Organization II. Outside the

Organization
III. First Principle
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developing best practice within our Organization
Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 Step 8 Step 9 Step 10 Define Success Identify top performance Define the best practice activity Define success drivers (Measures) Synthesise the best practice model Sense check the model Build the detail for the Best practice model Implement the best practice model Measure the results Revise the model in the light of new learning and experience
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Search Process ( One of the best way )

Step 1: Define Objectives and Specifications
Ensure understanding of client's business and culture Obtain client consensus on position's scope and responsibilities, compensation package, reporting relationships and profile of the desired executive Develop the search plan Review and get feedback on the search plan with client

Step 2: Identify and Assess Candidates
Identify and confirm target sources using proprietary database and network of contacts Identify candidates, including internal ones as appropriate Screen and evaluate candidates Narrow list of CORNERSTONE INDIA candidates Prepare background profiles Review

Search Process ( One of the best way )

Step 3: Interviews
Facilitate client interviews of candidate Obtain feedback from client and candidate Conduct reference checks Prepare detailed profiles and evaluation reports on each candidate's strengths and weaknesses Select finalists to be interviewed Feedback from client and candidates

Step 4: Select Executive
Conduct finalist interviews benefits Feedback Negotiate salary and

Step 5: Follow Up
Ensure smooth transition and assimilation for executive Ensure client satisfaction Feedback
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Misconceptions about Best Practice
1.

Everyone will be able to operate at the ‘ Best Practice ’ level.
Most of us think that the Best Practice initiative will result in every member of the organization Miraculously being able to perform at the highest.

This is not true. But implementing the Best Practice Model will help the overall CORNERSTONE INDIA Performance rise.

Misconceptions about Best Practice
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Best practice is vested in a single person, group or a company.
There is no one ‘Best’ way

Today’s Success is tomorrow’s failure
Our current top performers may not represent the ultimate best practice. They just have found more of Best Practice techniques than the average performers.
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Misconceptions about Best Practice
1.

Best Practice Model Never Changes
When we change the situation the model also has to be changed to suit the situation.

“Change is our only Certainty” We have to Expect, Welcome and CORNERSTONE Embrace ‘Change’ INDIA

Top Ten Best Practice Fundamentals
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6) 7) 8)

Best Practice must be defined Best Practice must be measurable and measured Implementing best practice does not guarantee success There is no single best practice person or a company Success today does not guarantee success tomorrow Talking is not the same as doing Having is not the same as using Best Practice is not fixed CORNERSTONE INDIA

Why does it go wrong
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Failing to explain the reasons for the initiative No common agreement about the objective and/or the success drivers Fear of Change and the implications of change Fear of short-term commercial loss Not winning the hearts and minds of the middle managers The new process is not sufficiently clear and detailed Lack of real support and follow through CORNERSTONE INDIA from the senior management team

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answer ???

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